Paper Title
INDEX OPTION VOLATILITY TRANSFER PROBABILITY - TAKING TAIWAN INDEX OPTION AS AN EXAMPLE

Abstract
Abstract - This study uses cluster analysis to classify the volatility of Taiwan's index options from 2006 to 2016. This study analyzes two different cases of high and low and high, medium and low, and calculates the transfer of various volatility in the form of Markov chain state transfer probability, the results will be used to price the option right later.